Housing Growth Fuels Employment Outlook

Housing Growth Fuels Employment Outlook

Americans' confidence in the economy fell only slightly in July but stayed close to a 5 1/2-year high, a sign that consumers should continue to help drive growth in the coming months.

A recovery in housing is boosting confidence, and a separate report Tuesday offered more encouraging news on that front.

The Standard & Poor's/Case-Shiller 20-city home price index jumped 12.2 percent in May compared with a year ago. That's the biggest annual gain since March 2006. The gains were widespread with all 20 cities reporting monthly and annual increases.

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